Real estate economist, management salary

Salary and Job Market for Real Estate Economists, Management

Real estate economists, also known as property managers, play a crucial role in the real estate industry by managing and optimizing property portfolios. According to the latest statistics, the average salary for real estate economists in management is 49 200 kronor per month. Men in the profession earn an average of 49 300 kronor, while women earn 48 900 kronor, meaning that women earn approximately 99% of what men do. The average salary has increased from 48 800 kronor to 49 200 kronor since the last measurement.

What Does a Real Estate Economist, Management Do?

A real estate economist is responsible for maximizing the value and returns on properties through strategic planning and management. Duties may include budgeting, lease administration, maintenance planning, and ensuring that properties comply with all laws and regulations. Managers often work closely with property owners and tenants to ensure a smooth and efficient operation of the properties.

Education and Requirements

To work as a real estate economist, a higher education degree in economics, real estate science, or related fields is typically required. Many employers prefer candidates with a bachelor's degree, but there are also opportunities to advance through work experience and further education. It is also advantageous to have knowledge of law, construction technology, and the real estate market.

Prerequisites for Getting a Job in the Field

The job market for real estate economists is relatively stable, with good employment opportunities in both the private and public sectors. The demand for qualified property managers is increasing as the real estate market grows and becomes more complex. In addition to formal education, work experience, networking, and continuous skills development can enhance the chances of getting a job in the field.

Benefits and Working Conditions

Benefits for real estate economists may vary depending on the employer. Common benefits include paid training, occupational pensions, and sometimes a paid mobile phone and computer. Some employers also offer flexible working hours and the option for remote work, which can be an attractive factor for many employees.

Considerations for Those Wishing to Work as a Real Estate Economist

It is important to be analytical and have good problem-solving skills, as the work often involves handling complex economic and legal issues. Communication and negotiation skills are also crucial, as one often has to interact with various stakeholders, including property owners, tenants, and contractors. A strong understanding of the real estate market and industry trends is also important to make informed decisions.